> For the complete documentation index, see [llms.txt](https://regrob-whitepaper.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://regrob-whitepaper.gitbook.io/docs/market-overview.md).

# Market overview

Worldwide real estate sector is one of the most recognized sectors. It comprises of four sub-sectors: housing, retail, hospitality, and commercial. The advancement of the corporate environment and the demand for office spaces, as well as urban and semi-urban accommodations fuelled the growth. Real estate industry ranks third among the 14 major sectors in by direct, indirect, and induced effect in all sectors of the economy.

Indian Ecosystem - After agriculture, the real estate sector creates the second-highest number of jobs in India. This industry is also likely to attract huge non-resident Indian (NRI) investment, both in the short and long term. The factor fueling real estate demand in India --(-)

1. High level of urbanization.
2. World's youngest population.
3. Fast growing economic growth.
4. Growing aspirations towards bigger and better real estate.
5. Consumption boom requires luxury commercial real estate
6. Savings are growing. Indians favorite is real estate.

NITI Aayog expects that the Indian real estate sector will reach a market size of $1 trillion by 2030 and will account for 13 per cent of India’s GDP by 2025.